Rejection at Resistance, 60,000 Target[READ CAPTION]BitcoinVANTAGE:BTCUSDMoriss365HI BTCUSD ANALYSIS The market structure has clearly shifted bearish after breaking down from the descending channel and losing trendline support. We are now seeing a corrective bounce into resistance ā a typical continuation pattern within a developing downtrend. š Structure Breakdown Price broke below the descending channel support. A strong impulsive selloff followed, confirming momentum shift. Current move appears to be a corrective pullback into supply. Trendline + horizontal resistance are acting as confluence. This suggests the bounce is likely redistribution rather than reversal. š Key Levels Major Resistance: 66,400 ā 66,800 Secondary Resistance: 64,000 ā 64,200 Current Price Area: ~63,200 Target: 60,000 zone š§ Bearish Scenario (Primary Bias) As long as price remains below 66,800, the structure favors continuation lower. What Iām watching: Rejection wicks inside resistance Lower high formation Bearish momentum candle confirming sellers stepping back in If confirmed, next leg likely targets liquidity around 60,000. ā ļø Bullish Invalidation Strong break and close above 66,800 Acceptance above descending trendline Higher high formation That would shift short-term momentum and weaken the bearish thesis. š” Trade Concept (If Confirmed) Short entries: Rejection at 64k or 66.5k resistance Stop: Above resistance zone Target 1: 62,000 Target 2: 60,000 Risk management remains key ā wait for confirmation rather than anticipating breakdown. š„ Summary Trend: Bearish Bias: Sell the rally Structure: Lower highs + resistance rejection Target Focus: 60,000 liquidity